So you’ve decided to start a used phone business. Congratulations!
You can make good money by buying and selling second-hand devices. However, there are a few things that you need to do in order to ensure the success of your venture.
In this blog post, we will share all of the best tips for running an effective used phone business.
Have The Right Mindset
It sounds simple, but it’s a very important first step to take when you start up your business. First, you need to ask yourself whether or not this is something you really want to do and if running a used phone shop will be fun.
If you are passionate about mobile phones, it will be much easier for you to get the most out of this business.
Make A Business Plan
This is the second most crucial step of your new venture after doing some research and finding a good location for yourself to start selling used phones.
Your business plan should include all sorts of things about how much money you want to make, where it will come from, and what strategies you will use.
Take Care of Your Customers
Any business will be successful if the customer service is good. This definitely applies to used phone shops as well!
If you show that you are willing to go above and beyond to help people with their phones or repair them, then they will become loyal buyers. Thus, helping you earn more revenue.
Spot What’s Hot
You’ve got to have the newest technology trends and hits. You may check out your repair shop software‘s item-based sales report to see which items are selling best. And where you’re obtaining the most significant profit margins. A survey on your social media platform is also an option.
Once you’ve identified which used phone brands and models are drawing customers’ attention and which cell phones provide the functions that immediately catch their interest. Once that is done, you’re well on your way to making this year a success for your repair company. So get those top-rated used phones to sell in 2021 now so you can make 2017 a successful year for your repair business.
This shouldn’t be difficult to find out; simply review all phones that have sold in huge quantities over the last several years and go from there. The most significant competitors (Samsung, Apple, One Plus, Google Pixel, etc.) are usually an excellent place to begin.
Shake Hands with A Supplier
You can now take advantage of the demand for your products by getting them in stock. Aside from trading in used cell phones from individual clients, you may also opt for wholesale purchases from respectable pre-owned phone vendors.
Buying used phones from a vendor gives you a large stock at decent costs, as well as the ability to sell those devices for greater earnings. However, be sure that you’re getting from a company that offers a 30-day refund policy. Our favorites include MobileSentrix, 2ndlifephones, and GSM warehouse.
Manage Your Inventory
Let’s look at how to handle stock with the aid of your cell phone repair shop software after you’ve acquired your old phone stock from them.
So, here’s what you do: once you receive your supplier’s ordered used phones stock, simply scan and record all of the goods in your POS software, complete any supplementary information such as where the item will be physically installed at the store, print barcodes and labels to attach to gadgets, and you’re finished!
The system can even serialize your inventory, so you’ll know what’s in stock at all times.
Move and Profit
Keep an eye on the stock of your old phones and clean them off from time to time. The selling value of these used devices is determined by their age. The older they get, the smaller your profit margin will be. So keep moving forward (even if you have to sell something for a low profit) and reinvest the money into buying newer gadgets.
While it’s important to remember the phone’s tariff and details, you also have your repair shop software. So there are no headaches; instead, there are only benefits! Simply look at your POS software‘s used phones record for guidance on which devices should go first and at what prices.
Accessorize for The Prize
Do you want to increase the profits of used electronics? Add accessories. Slide a phone case into the package, cover the screen with a sleek glass protector, include a set of headsets, or have a charger if possible. Even better if you can offer in-house device protection programs along with the used phone purchase.
You may entice your clients with our product bundles feature to get them a combo package deal for these phone accessories, along with the device, and win their confidence.
So, there you have it. Whether or not your store is already in the business of buying and selling used phones, we have got you covered. This article has some valuable tips to boost both sales revenue and profits. You can do this by taking advantage of current market trends.
Keep these pointers close at hand so that you can apply them as you see fit and make the most out of your pre-owned phone stock.
Selling used cell phones at your repair shop can be a great business opportunity. Find out how your repair shop software can help you make the most of it.